New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-24
WILLIAM r. TRAvERS DYING
70 HOPE OF ais RECOVERY ENTERTAINED

ma nopY xxPRCrED BY THE NEXT sT1AAkR-AiS
oxNIAIrY AND KINDLY SPIRIT PRAISED.
m. msnv friends " tho senial William K Travers
Asva received with deep grief the authentic fniorms
Ar that ere is no hope Of his recovery His case
"a desperate, indeed It Il expected that the neat
atasmer from Bermuda will bring home his dead body
NJ Tsve was best .newp 10 WEI street wsIs ne
spsech and cheerful face familiar. HIS quaint
stories will long be repeated IN the OF
Eschauee for nearly rDrty-three years. and all hongh
he bas NOT been active the floor TOR the last twenty
yesrs be has maintained his iondress for specuiauve
Ventures and his business relations IN the Street ne 10
= special partner in two wrkuow hrme-Van
Em6urg Atterbury. Of No. 80 Newst, and Prince q
Wh,el OF No. GA roadway He has been Sssoo ta"r
teen Years ago The late John d. Prince was nephew
aud had been in partnership with him yeare before:
s.s ~ vs Ss 1% or Van sssr Gas.e which
Mr. Ira, ers ana the late George Osgooa were specai
partners Mr.. Travers bad many Other oos'ne'' a''o
siasions IN the course OF bis long career
o'1' .rscnIstor he was inclined to be cautious and
conservative. and undoubtedly be had tn reputation
OF een he ss sHer n was short OF line Of
60 600 sbares Of stock, although he occasionally ap
preached that figure DR.. Shelton and Addison Cam
thought little OF tra.iing in as large an amount IN
single day His proclivities were always to the
bear side Of the market although ne once MAGE uss
large pool was formed In Pacific Mail and me entire
manacemeut of 1t was placed in his hands. The Irce
was run up 1870 more on the story that the crm
,auv had bought out an active opposition line. The
pool made great deal OF money owing largely 70 skill
1ul management
which Mr. fravers took an active interest, and
the only time when he made large amount OF money
on the bull side OF the market. He Was inclined 10
operate on his own judgment and tor his single ac
count He made h fortune IN the panic OF 1879, when
be was short unusually large line OF STOCKS he
did not his sales until Ions after the panic when
L -. xb.xxo ~ fha nj
turbxnce His fortune is estimated ut from three 10
Ave millions. -, l. uu
1.-THE senior member Of prominent house IN Mnl
Street with which Mr.. Travers has been identified,
SAID yesterday that Mr. Trayerss character
istic was his Willingness TO he 2 yonpg men along
when saw them display industry aaG cd "a
TO man there nothing that lay IN bis power that
he would not DO Tor him. When man had once won
-his friend could command 500 900 easily as he
could Q dollar" And /" said the speaker, " Mr..
Travers was always loyal to his friends If no had
reason believe that a trend was square he would
not listen to any clamor against him and would not
change his judgment except upon the most convincing
prvoi OF his unworthiness ! know OF no one VINO mas
more friends and fewer enemies than Mr.. Travers in
fact don't know that he has an enemy. Every one
who has ad relations with him speaks In the waInest
terms OF him. He wasT perfect gentieman-couIteous
and .olite tO every and II any man met hmtwhom
he did not fancy not trace OF the feeling could be
found in his manner. 1t was when was clerk in
brokers office that met Mr. Travers at Saratoga,
years ago. on the grand stand at The racing track.
don't believe he hardly than knew name, no
did that but be was cordial add agreeable as II he
had known me tor years He has er had harsh
word for any one. The werst thing ever heard him
cav about man was when a certain person was pup,
licly accused OF improper TRANSACTIONS. He SAID L
know thrre ia O COOL deal thai may be said on the
other side but these charges have been made. by So
and so, q reputable man, and they haven't been an
swered Neither you nor would let them 60 unan-
swered and all can ay ia that Mr.. Blank is either
coward or else be ia bad man." Mr.. Travrrs has re-
msrkably good judgment and the money he made as
an operator proves that IL not only N respect TO
stock transactions. but In private matters too on
personal questions many indebted to hun Tor
the advice he gave. l never had occasion 10 regret
following his advice. He had no bias in the market
but he was always conservative. In the early part OF
1884 he eaid There has been great shrinkage IN
ys.ues. The losses must have fallen somewhere
Maybe they tell on rich men, ami may
be on poor men, but there must be some
detalcations. do not to do anything IN stocks
Until there are development, to show where the losses
lie or whether an ythng Is being covered up And III
Nav the Grant e. Ward developments justified Mr.
Traverss conservatism and prudence.
Il remember tel ing him once that never vent
away from business to horse or any sporting
affair lie -eemeu much amused and remarked: Wen,
have You mustn't work TOO hard-dOn't tie yourself
to business too closely And he enjoyed all OF lie
and then would rest himself and have good time Tor
awhile
"Mr. Travers's skill in repartee, you know, Is
famous. He wonderfully witty. and while cannot
recall any particular anecd0te, have seen him more
than once apparently in q bad corner aud yet when
EVERYONE Was sure the laugh on him he would turn
It completely on his would-be tormehtor."